Jamal Awil

← SocialCapitalCreation-1988

Families, friends, and firms shape how economic exchange works. [causal]

A number of authors from both traditions have recognized these difficulties and have attempted to impart some of the insights and orientations of the one intellectual stream to the other. In economics, Yoram Ben-Porath (1980) has developed ideas concerning the functioning of what he calls the "F-connection" in exchange systems. The F-connection is families, friends, and firms, and Ben-Porath, drawing on literature in anthropology and sociology as well as economics, shows the way these forms of social organization affect economic exchange.

XREF: Connects to economic sociology and embeddedness literature, e.g., Granovetter's work on social networks influencing economic behavior.

Coleman, SocialCapitalCreation-1988, loc. 21